What we do Shivashrit Foods Ltd manufactures and exports premium-grade potato flakes used in ready-to-eat meals and snack foods, operating a cutting-edge production facility in Uttar Pradesh, India. |
Founded in 2,017 |
Market share Emerging leader in India’s potato flakes market with a growing export presence. |
Problem solved Ensures steady supply of high-quality potato flakes to processed food industries, addressing demand for consistent ingredient quality. |
Top clients or who we serve Supplies processed food manufacturers and snack producers, primarily B2B clientele. |
Key management - |
Our journey and innovations Started in 2017; doubled production capacity in 2022 with advanced tech from Netherlands; IPO raised ₹70.03 crores in 2025. |
Where we operate Primarily India, with export markets expanding globally. |
Top products or what we offer Potato flakes used in ready meals and snacks, produced at high-volume processing facility. |
Top brands - |
Raw materials needed Primarily potatoes procured from farmers and traders during peak season (Dec-Mar). |
Raw materials supplier Direct procurement from farmers, third-party suppliers, and traders in Uttar Pradesh. |
Recurring vs cyclical contribution Revenue is somewhat cyclical, aligned to potato harvest and processing seasons. |
Our industry position Growing market position as specialized producer of potato flakes in Western Uttar Pradesh. |
Financial highlights FY 2023-24 revenue ₹104.69 crore; net profit ₹12.06 crore; significant capacity expansion in 2022. |
Geographical revenue split - |
Order book - |
Whats driving growth Capacity expansion, technological upgrades, and increasing processed food industry demand. |
Our future plans Capex focused on capacity enhancement and supply chain optimization to support growth. |
Our green promise - |
Our people and values - |
Key challenges ahead Managing raw material price fluctuations and supply chain consistency during off-peak seasons. |
Interesting facts First Indian manufacturer using advanced Netherlands technology for potato flake processing. |
Risks and strategy Raw material seasonality risk mitigated through extensive farmer networks and strategic procurement. |
